StudyXY
RegisterLog in

Comparative Analysis of Financial Reporting and Auditing Standards: General Motors vs. Mitsubishi Heavy Industries

This comparative analysis examines financial reporting and auditing standards between General Motors and Mitsubishi Heavy Industries.

Violet Stevens
Contributor
4.9
34
5 months ago
Preview (2 of 1 Pages)
100%
Purchase to unlock

Page 1

Comparative Analysis of Financial Reporting and Auditing Standards: General Motors vs. Mitsubishi Heavy Industries - Page 1 preview image

Loading page image...

ComparativeAnalysisofFinancialReportingandAuditingStandards:GeneralMotorsvs.MitsubishiHeavyIndustries‘Whataccountingstandardsareused?(source:auditreportfor2013)GM:USGAAPMH:JapanGAAP‘Whatauditingstandardsareusedbytheexternalauditors?(source:auditreportfor2013)GM:PCOABauditingstandardsMH:JapanauditingstandardsAnalyzeandcommentonthedifferencesintheannualstatementsfoundonthecompanies’websites.Provideafewspecificdifferencesincontentandformat.Difference:separatefixedassetsectionMHreportsthreesectionsontheirbalancesheet:(1)currentassets,(2)fixedassets,and(3)investmentsandotherfixedassets.GMreportsonlytwo,(1)currentassetsand(2)noncurrentassets.Difference:operatingcosts+StudyXY

Page 2

Comparative Analysis of Financial Reporting and Auditing Standards: General Motors vs. Mitsubishi Heavy Industries - Page 2 preview image

Loading page image...

DownloadedfromStudyXY.com®+StudyXYSdYe.o>\|iF’prE\3SStudyAnythingThisContentHasbeenPostedOnStudyXY.comassupplementarylearningmaterial.StudyXYdoesnotendroseanyuniversity,collegeorpublisher.Allmaterialspostedareundertheliabilityofthecontributors.wv8)www.studyxy.com

Study Now!

XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat

Document Details

Subject
Accounting

Related Documents

View all
Class Notes

Accounting

what really is accounting?

5.0
Class Notes

Master Managerial Accounting Techniques

Honors Managerial Accounting course led by Dr. Michael Newman, focusing on cost analysis, ethics, communication, and real-world application through interactive discussions, case studies, and presentations.

Class Notes

Controlling and Reporting of Real Assets

Overview of asset impairment recognition in accounting: when an asset’s value declines due to damage, market loss, or legal issues, a journal entry records the loss to reflect the asset’s reduced value. Key for reporting real assets like PPE.

Solved Assignments

Sarbanes Oxley Act, GAAP and IFRS

Overview of the Sarbanes-Oxley Act and its impact on GAAP and IFRS compliance.

Solved Assignments

Accounting Audit Final Exam MCQs 2015

Multiple-choice questions covering key auditing and accounting principles.

Solved Assignments

Team A Week 5 Problems

Problem-solving set from Week 5, covering various academic concepts.

Solved Assignments

IFRS or US GAAP Which is the Best Reporting Standard

A comparative analysis of IFRS and US GAAP reporting standards.

Solved Assignments

Understanding Key Concepts in Managerial Accounting

A solved assignment covering essential managerial accounting concepts, including cost analysis and financial decision-making.

Solved Assignments

Financial Reporting, Regulations, and Corporate Governance

Examination of financial reporting standards and their relationship to corporate governance frameworks

Solved Assignments

Midterm Exam on Governmental and Not-for-Profit Accounting

Midterm exam answers on governmental and non-profit accounting.